Chase Doubles SBA Loans to Become #1 in U.S., Helps 3,300 Small Businesses in 2010

Loans increase 170% from year earlier; dollar volume up 217%

NEW YORK--(BUSINESS WIRE)--

“Helping small businesses grow is important because they are core to the U.S. economy.”

Chase announced today that it more than doubled its Small Business Administration loan volume in fiscal 2010 to become the nation’s largest SBA lender, helping 250 more businesses than the next largest lender.

Chase’s 3,386 loans represent a 170% increase in SBA loans from a year earlier. Chase lent $434 million in SBA loans in fiscal 2010, up 217% and making it second-largest SBA lender in dollars.

“The SBA loan program allows us to reach thousands of small businesses that need the financing to run their businesses and meet their payroll, especially during these challenging times,” said Michael Cleary, head of Business Banking at Chase. “Helping small businesses grow is important because they are core to the U.S. economy.”

Chase’s SBA 7(a) and Express loans were a crucial part of its 37% increase in lending to small businesses through working capital, term loans for expansion, commercial mortgages, lines of credit, and business credit cards. Through the first three quarters of 2010, Chase lent $7.4 billion to businesses with sales of less than $20 million, up from $5.4 billion a year earlier.

Since last November, Chase also has hired more than 500 additional business bankers and approved more than $250 million in small business credit after giving rejected loans a second look.

In SBA lending, Chase ranked first in both dollars and loans in New York and was the top lender in loans in Arizona, Illinois and Indiana and in Dallas-Ft. Worth, Houston and San Antonio, Texas.

In total, Chase ranked within the top three in both number of loans and dollars in 12 local district offices.

Includes increase in loans and dollar amount from 2009.

District	Rank in Loans	No. of Loans	Rank in Dollars	Dollar Amount
Arizona	1	214 122% increase	3	$26.7 million 131% increase
Illinois	1	386 141% increase	2	$38.9 million 179% increase
Indiana	1	106 130% increase	2	$13.7 million 155% increase
Kentucky	2	43 139% increase	2	$8.9 million 1,347% increase
Louisiana	2	99 136% increase	2	$12.8 million 48% increase
New York	1	441 171% increase	1	$43.7 million 191% increase
Cleveland, Ohio	3	67 191% increase	3	$10.6 million 257% increase
Columbus, Ohio	2	91 133% increase	3	$9.2 million 129% increase
Dallas-Ft. Worth, Texas	1	318 172% increase	2	$46.9 million 192% increase
Lower Rio Grande, Texas	2	17 325% increase	2	$4.7 million 404% increase
San Antonio, Texas	1	102 162% increase	2	$17.6 million 213% increase
Utah	3	66 230% increase	3	$16.8 million 589% increase

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), which operates more than 5,100 branches and 15,000 ATMs nationally under the Chase brand. Chase has 146 million credit cards issued and serves consumers and small businesses through bank branches, ATMs and mortgage offices as well as through relationships with auto dealerships and schools and universities. More information about Chase is available at www.chase.com.

Media:

Chase

Michael Fusco, 212-270-5089

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